Captrust Financial Advisors Has $1.38 Million Stock Position in AppFolio, Inc. (NASDAQ:APPF)

Captrust Financial Advisors increased its position in shares of AppFolio, Inc. (NASDAQ:APPF - Free Report) by 27.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,577 shares of the software maker's stock after buying an additional 1,203 shares during the quarter. Captrust Financial Advisors' holdings in AppFolio were worth $1,376,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in AppFolio by 881.2% in the fourth quarter. FMR LLC now owns 597,485 shares of the software maker's stock valued at $147,411,000 after acquiring an additional 536,591 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new position in AppFolio during the fourth quarter worth about $103,503,000. Norges Bank purchased a new position in AppFolio in the fourth quarter valued at about $68,037,000. AQR Capital Management LLC increased its holdings in AppFolio by 43.2% in the fourth quarter. AQR Capital Management LLC now owns 655,625 shares of the software maker's stock valued at $161,756,000 after buying an additional 197,700 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in AppFolio by 227.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 233,892 shares of the software maker's stock valued at $57,706,000 after buying an additional 162,540 shares in the last quarter. Hedge funds and other institutional investors own 85.19% of the company's stock.

AppFolio Stock Up 0.4%

Shares of NASDAQ:APPF traded up $0.88 on Tuesday, reaching $215.48. The company had a trading volume of 20,097 shares, compared to its average volume of 270,641. AppFolio, Inc. has a twelve month low of $189.01 and a twelve month high of $274.56. The stock has a 50-day moving average price of $217.11 and a 200 day moving average price of $231.51. The stock has a market capitalization of $7.76 billion, a P/E ratio of 38.69 and a beta of 0.99.

AppFolio (NASDAQ:APPF - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The software maker reported $1.21 earnings per share for the quarter, missing analysts' consensus estimates of $1.23 by ($0.02). AppFolio had a return on equity of 26.21% and a net margin of 25.69%. The company had revenue of $217.70 million during the quarter, compared to analyst estimates of $220.95 million. During the same period in the prior year, the firm earned $1.05 EPS. AppFolio's quarterly revenue was up 15.9% on a year-over-year basis. On average, sell-side analysts predict that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on APPF shares. Stephens reaffirmed an "overweight" rating and set a $295.00 price target on shares of AppFolio in a research note on Friday, January 31st. Piper Sandler reaffirmed a "neutral" rating and set a $265.00 price target on shares of AppFolio in a research note on Wednesday, April 23rd. Keefe, Bruyette & Woods dropped their target price on shares of AppFolio from $210.00 to $205.00 and set an "underweight" rating for the company in a research report on Friday, April 25th. William Blair reissued an "outperform" rating on shares of AppFolio in a research report on Friday, January 31st. Finally, DA Davidson raised shares of AppFolio to a "strong-buy" rating in a report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $274.43.

AppFolio Company Profile

AppFolio, Inc, together with its subsidiaries, provides cloud business management solutions for the real estate industry in the United States. The company provides a cloud-based platform that enables users to automate and optimize common workflows; tools that assist with leasing, maintenance, and accounting; and other technology and services offered by third parties.